A supply chain map is a living document, evolving as your supply network responds to changing business circumstances and goals.
Delivery:Delivery is the final step in the forward supply chain and entails getting goods or services to customers, whether another business or consumers. The company must organize and prioritize orders to ensure it can meet promised delivery timelines and avoid downstream issues, like high-demand S...
shelves, and look around the products for pricing and discount information. However, the digital shopping experience is a whole different animal. The buying journey online is much broader: it can start anywhere from a search engine to a social media post, or even a QR code scanned in-store....
When standout firms deploy bold strategies, their moves often trigger chain reactions that lead to bursts—rather than the broad diffusion—of productivity in specific periods and sectors, much like a string of fireworks igniting. Why is productivity so important?
Involves the merging of companies at different production and/or distribution stages in the same industry. So, when a company acquires its input supplier, it is calledbackward integration; it is called forward integration when it acquires companies in its distribution chain. ...
Reverse logistics is the movement of goods “upstream” through a supply chain, to return them from the end customer back to a retailer or manufacturer. One of the most common examples which all e-commerce businesses will be familiar with is product returns. Online consumers returning a product...
Point-of-sale (POS) systems.One part of the buying journey dropshipping retailers do is control the online shopping experience. That’s why these businesses will benefit from anintegrated ecommerce platform, especially as they grow. Such platforms can connect to point-of-sale, order management,...
Cost-push inflationoccurs when the rising price of input goods and services increases the price of final goods and services. For example,commodity prices spiked sharplyduring the pandemic as a result of radical shifts in demand, buying patterns, cost to serve, and perceived value across sectors ...
Blockchain: Blockchain is an emerging technology for digital ledgers that can record and validate transactions using fast, nonrepudiatable, programmable smart contracts.Blockchain for supply chainshas a variety of benefits, for example. Internet of Things: Connected sensors are everywhere, in medical ...
The start of the COVID-19 pandemic ushered in a series of abrupt disruptions to global supply chains. Since then, companies have managed the impact of one supply chain disturbance after another with varying degrees of success. Many signs point to continued disruption going forward as a result ...